Trade Report: The Peel Hunt Reiterates “Hold” Rating for Grainger PLC (GRI)

The Peel Hunt Reiterates “Hold” Rating for Grainger PLC (GRI)

Grainger PLC (LON:GRI)‘s stock had its “hold” rating reiterated by research analysts at Peel Hunt in a note issued to investors on Tuesday. They presently have a GBX 250 ($3.09) price objective on the stock. Peel Hunt’s target price indicates a potential upside of 13.28% from the stock’s current price.

GRI has been the subject of a number of other research reports. N+1 Singer reissued a “buy” rating and set a GBX 320 ($3.96) target price on shares of Grainger PLC in a research note on Friday, September 30th. Jefferies Group cut their target price on shares of Grainger PLC from GBX 215 ($2.66) to GBX 199 ($2.46) and set a “hold” rating for the company in a research note on Friday, August 19th. Finally, JPMorgan Chase & Co. cut shares of Grainger PLC to a “neutral” rating and cut their target price for the stock from GBX 285 ($3.53) to GBX 270 ($3.34) in a research note on Tuesday, September 6th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of GBX 265.43 ($3.29).

Grainger PLC (LON:GRI) opened at 223.40 on Tuesday. The stock’s market cap is GBX 924.65 million. Grainger PLC has a 12 month low of GBX 193.00 and a 12 month high of GBX 253.00. The stock’s 50 day moving average price is GBX 229.08 and its 200-day moving average price is GBX 224.99.

In other Grainger PLC news, insider Jopling ,Nick acquired 192 shares of the company’s stock in a transaction that occurred on Tuesday, September 6th. The stock was bought at an average price of GBX 237 ($2.93) per share, with a total value of £455.04 ($563.17).

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